Burford Watch

Latest news on Burford Capital

[Burford Watch @burfordwatch]

4/4 Burford was chasing £150 million - one third of the £453 award. Their own RNS today says the case will add just £14 million of profit. Wonder how much more was booked in advance.

[Burford Watch @burfordwatch]

1/4 Interesting development today - Farkhad Akhmedov's ex-wife has given-up on her legal battle for record £453 million divorce settlement following failure to seize £350 million super yacht Luna.

[Burford Watch @burfordwatch]

3/4 She was offered exactly the same payout six years ago without going to court, says billionaire ex-husband, Farkhad Akhmedov.

[MuddyWatersResearch @muddywatersre]

Old enough to remember when attempting blackmail with sex tapes was a bad thing.

[Burford Watch @burfordwatch]

Link 🔗 https://t.co/vgooI5h8cw

@jonny_browning
@CameronCharters
@BrianfaFarmer

[Burford Watch @burfordwatch]

👉 Burford’s investigator Hall just got citation in @ChambersGuides. Did they even check the Florida court case about his sleazy dealings in sex tapes??

Link 🔗 https://t.co/vgooI5h8cw

@muddywatersre #Burford $BUR.L $BUR

[Burford Watch @burfordwatch]

Link 🔗 https://t.co/vgooI5h8cw

@jonny_browning
@CameronCharters
@BrianfaFarmer

[Burford Watch @burfordwatch]

👉Website reveals the contract Burford have got the ex-wife signed up to. No wonder the ex-husband won’t settle and she can’t.

Link 🔗 https://t.co/vgooI5h8cw

#Burford $BUR.L $BUR

[Burford Watch @burfordwatch]

Worth a read 🔗 https://t.co/K8CmwFba6x

@jonny_browning
@CameronCharters

[Burford Watch @burfordwatch]

👉 Interesting read on Burford Capital’s role in the Akhmedov divorce – their position looks exposed

Worth a read! 🔗 https://t.co/vgooI5h8cw

#Burford $BUR.L $BUR

[Burford Watch @burfordwatch]

[THREAD] 3/3

So hopes of big Burford payout from seizing Luna are sunk - despite its promises to shareholders.

$BUR.L $BUR

[Burford Watch @burfordwatch]

[THREAD] 1/3

Heavy blow for Burford as Marshall Islands court rules today it has NO power to order transfer of Akhmedov super yacht Luna to ex-wife Tatiana.

[Burford Watch @burfordwatch]

[THREAD] 2/3

Means any application by Burford for change of ownership of Luna to its client must be heard in Dubai where highest courts have ruled out Tatiana's claim to ownership.

[ShortDataUK 📉 @shortdatauk]

Gladstone Capital Management LLP short position in Burford Capital Limited up 0.09% to 0.82% #BUR $BUR #LSE #StockMarket #Stocks #Shares #Business #Markets #Trading #News #Investing #Short https://t.co/vM411LdLkR

[Burford Watch @burfordwatch]

⚡ The market’s response to Burford’s 2020 Business Update today?

✍️ @YahooFinanceUK $BUR.L $BUR

* Currently down by -7.06% on NYSE

[Burford Watch @burfordwatch]

⚡ They were waiting for the business to profit from the pandemic but it's not happening yet.

Burford’s 2020 Business Update says:

• 2020 operating profit down from the $265M reported in 2019; and

• Profit after tax is expected to be $160M-$170M, down from $212M in 2019

[Burford Watch @burfordwatch]

⚡️ Stormy start to 2021 for Burford on both sides of Atlantic. Their promises of sunlit uplands have turned into seas of red.

✍️ @YahooFinanceUK $BUR.L $BUR

[Burford Watch @burfordwatch]

🤣 Is this the most pessimistic HOLD ever??

✍️ @theflynews $BUR.L $BUR

[Burford Watch @burfordwatch]

This is definitely worth a read...

Seems 'Bogart's Bluff' has been called over the pandemic.

No wonder Burford's share price is in free fall on both sides of the pond!

✍️ @RoyWStrom for @BLaw

[Bloomberg Law @BLaw]

.@RoyWStrom looks at a new survey which appears to counter claims made by litigation funders that the pandemic would be a boon for their business. https://t.co/8T88XQJtXu